61 Saint Mihiel Dr, Riverside, NJ 08075
Local realty services provided by:CENTURY 21 Downtown
61 Saint Mihiel Dr,Riverside, NJ 08075
$4,950,000
- 0.75 Acres
- Lots / Land
- Active
Listed by: dawn varallo
Office: bhhs fox & roach-marlton
MLS#:NJBL2116848
Source:BRIGHTMLS
Price summary
- Price:$4,950,000
About this home
Exceptional Delaware River Waterfront Development Opportunity
55-57, 61 & 63 Saint Mihiel Drive | Riverside, New Jersey
Presenting one of Southern New Jersey's most unique waterfront development opportunities. Encompassing approximately 7.7 acres across five contiguous parcels, this premier Delaware River property offers an exceptional combination of scale, location, existing improvements, and future redevelopment potential.
Ideally situated in Riverside, Burlington County, the property enjoys convenient access to Route 130, Route 73, I-295, the New Jersey Turnpike, and the Tacony-Palmyra Bridge, providing direct connectivity to Philadelphia and the greater South Jersey region. Its strategic location places residents and businesses within minutes of major employment centers, retail corridors, dining, and recreational amenities while offering the tranquility and scenic beauty of a true waterfront setting.
With approximately 1,200 feet of road frontage and more than 1,000 feet of direct frontage along the Delaware River, the property offers panoramic river views that are rarely available in today's market. Included riparian rights further enhance the property's long-term value and development appeal.
The site is currently improved with a 10,000± square foot catering and banquet facility that successfully operated for more than 25 years, a 2,000± square foot office building, a 2,800± square foot two-story residence, and a 2,500± sq ft warehouse. Formerly Clarks Landing Marina which operated as a successful marina for many years. These existing improvements provide flexibility for interim income, owner occupancy, adaptive reuse, or phased redevelopment.
Outstanding Residential Development Potential
With nearly eight acres of contiguous waterfront land, the property presents an exceptional opportunity to create a signature residential community unlike any other in the region. The expansive site is well suited for a thoughtfully designed waterfront development featuring luxury condominiums, townhomes, or a mixed residential community, subject to municipal approvals.
Future residents could enjoy:
Unobstructed Delaware River views
Private waterfront promenades and walking trails
Community green space and outdoor gathering areas
Boat access or marina-related amenities (subject to approvals)
Luxury residential units with balconies and rooftop terraces overlooking the river
Convenient commuting access to Philadelphia and major South Jersey highways
As demand continues to grow for high-quality waterfront housing close to Philadelphia, opportunities to develop large-scale riverfront communities have become increasingly limited. The property's size, frontage, and unique setting position it as an ideal candidate for a transformative residential project that capitalizes on both lifestyle appeal and long-term investment value.
Investment Highlights
Approximately 7.7 acres across five contiguous parcels
Over 1,000 feet of Delaware River frontage
Approximately 1,200 feet of road frontage
Included riparian rights
Existing improvements totaling approximately 17,300 square feet
10,000± SF banquet/catering facility
2,000± SF office building
2,800± SF two-story residence
2,500± SF warehouse
Established catering venue with more than 25 years of operating history
Minutes from Rt 130, Rt 73, I-295, the New Jersey TP, and the Tacony-Palmyra Bridge
Convenient access to Phila. and the surrounding metropolitan area
Exceptional opportunity for luxury waterfront condominiums, townhomes, mixed-use, hospitality, or continued commercial use, subject to zoning and municipal approvals
Opportunities of this caliber are exceedingly rare. Whether envisioned as a landmark waterfront residential community, an upscale mixed-use destination, or a repositioned commercial waterfront asset, 55-57, 61 & 63 Saint Mihiel Drive offers investors and developers the chance to acquire one of the Delaware River's most significant redevelopment sites in Southern NJ....
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Home facts
- Listing ID #:NJBL2116848
- Added:1 day(s) ago
- Updated:July 30, 2026 at 10:28 AM
Structure and exterior
- Lot area:0.75 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,950,000
- Tax amount:$13,480 (2025)
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